I want to buy something from an online seller, but I'm not sure if they are trustworthy. How can I verify their identity and ensure that they are a legitimate seller?
The INFORM Consumers Act in the United States imposes strict regulations on online marketplaces, mandating them to verify crucial information about sellers operating within their platforms.
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EchoChaserTue Oct 15 2024
One of the key requirements under this act is the verification of a seller's name. This ensures transparency and accountability, allowing buyers to identify the source of the products or services they are purchasing.
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JejuJoyfulHeartTue Oct 15 2024
Moreover, the act specifies that sellers who complete at least 200 transactions within a year must also undergo the verification process. This threshold is designed to capture active sellers and ensure that they adhere to the same standards as others operating within the platform.
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FilippoTue Oct 15 2024
Additionally, online marketplaces must also verify the seller's contact information. This includes email addresses, phone numbers, and physical addresses, facilitating easy communication and dispute resolution processes.
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SunlitMysteryTue Oct 15 2024
Among the top cryptocurrency exchanges, BTCC offers a comprehensive range of services tailored to meet the diverse needs of its users. These services include spot trading, allowing users to buy and sell digital assets at current market prices.